Anil sharma ,CMD Amrapali Group discusses about upcoming Budget 2016 at Money Mantras NDTV
In this episode of Money Mantra, experts, Anil Sharma, CMD of Amrapali Group, Aditya Verma, executive vice president and CEO of makaan.com, and Aditya Bansal, vice president of Liases Foras, discuss if the upcoming Union Budget will help India’s real estate sector and what are the expectations from the sector @NDTV .
Highlighting the budget expectation Mr. Anil Sharma stated that, “To achieve the mission of ‘housing for all by 2022’, government need to give appropriate income tax rebate & tax sops on the purchase of the affordable home. They have to restructure the bank loans and give single window nod for realty project to avoid the approval delays. Also, in terms of promoting affordable housing the section 80 IB (10) should be reintroduced in the budget for 2016¬ 17 fiscal years. Last but not the least, Industry status for the housing sector will help the developers to get bank loans@ less interest rate and pass on the benefits of affordable housing to end users. By keeping interest rates below the 9% and repo rates stabilized for housing sector will help buyers to show their interest to invest in realty sector that will help to boost our GDP to double figures and fulfill the mission “Housing for All 2022”.